Carrier Global (CARR) Investor Day 2025 summary

Strategic priorities and transformation

• Transitioned to a pure-play climate solutions company with a simplified, focused, and balanced portfolio, emphasizing intelligent climate and energy solutions, product differentiation, and performance-driven leadership.

• Completed major portfolio transformation, including acquisitions (Viessmann, Toshiba) and divestitures (Commercial Refrigeration, five others), generating over $10 billion in proceeds and optimizing for growth and margin.

• Multi-brand, multi-channel strategy leverages iconic brands and broad global channel coverage, maintaining top-three market positions across all key segments.

• Significant investments in R&D, digital platforms, and AI-enabled solutions to enhance customer value, operational efficiency, and margin expansion.

• Reportable segments revised in Q1 2025 to align with strategy and increase transparency; prior data recast accordingly.

Growth formula, market outlook, and operational excellence

• Targets 6%-8% organic growth over the medium term, driven by market tailwinds, double-digit aftermarket growth, and new product/system offerings.

• Secular growth drivers include global demand for air conditioning, electrification, decarbonization, grid pressure, and transport refrigeration, especially in emerging markets.

• Aftermarket business captures only 25% of its potential, presenting significant runway for double-digit CAGR.

• Digital and AI-enabled solutions (Abound, Lynx, Viessmann One Base) drive recurring revenue, customer retention, and differentiated offerings.

• Carrier Excellence program and operational discipline deliver sustained margin expansion through productivity, automation, and global platforming.

Regional strategies and segment highlights

• Americas: $10.5B revenue, leading margins, #1 in residential and light commercial, focusing on digital ecosystems, HEMS, and data center solutions.

• Europe: $5B revenue, targeting mid-teens margins; Viessmann integration enables a one-stop shop for heat pumps, systems, and aftermarket growth.

• Asia, Middle East, Africa: $3.5B revenue, balanced commercial/residential mix, leveraging multi-brand strategy, local engineering, and strong aftermarket growth.

• Transportation: $2.7B revenue, streamlined focus post-divestiture, aiming for mid-to-high single-digit growth via electrification, digital, and aftermarket expansion.

• Strategic segment realignment enhances transparency and aligns with business strategy.